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China home price growth eases for 4th straight month

Average new home prices in China's 70 major cities are up 0.2 per cent month-on-month, slowing a touch from December's 0.3 per cent rise.

PHOTO: BLOOMBERG

Beijing

CHINA'S home price growth slowed for the fourth straight month as demand cooled further in its biggest cities, a welcome sign for policymakers as they seek to defuse bubbles in the world's second-largest economy amid an explosive growth in debt.